a16z Raises $2.2B Crypto Fund for Stablecoins, Prediction Markets

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a16z Crypto raised $2.2 billion for Crypto Fund 5, its fifth fund dedicated to backing crypto projects. The firm said the fund will focus on stablecoins, perpetual futures, prediction markets, and tokenized assets. The new vehicle is smaller than a16z’s $4.5 billion crypto fund launched in May 2022.

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